Ukrnafta Contributes UAH 8.9 Billion to Ukraine State Budget as Q1 2026 Tax Payments Surge Following Transformation

Ukrnafta reports UAH 8.9B in Q1 2026 taxes, totaling over UAH 106B since 2022 state takeover. CEO Bohdan Kukura highlights support for Ukraine's defense.

By: AXL Media

Published: May 1, 2026, 8:37 AM EDT

A Vital Pillar for the National Defense Economy

JSC Ukrnafta has solidified its position as a critical contributor to the Ukrainian state budget, reporting a tax payment of UAH 8.9 billion for the period of January to March 2026. This sum encompasses all statutory taxes, fees, and customs duties required by the national treasury. CEO Bohdan Kukura, who assumed leadership following a competitive selection process in late 2025, emphasized that these systematic payments are essential for maintaining the country's economic stability. The executive noted that the funds are primarily directed toward supporting the state’s urgent needs, with a significant portion allocated to the Defense Forces as the nation continues to manage wartime logistics.

The Financial Trajectory Under State Management

The latest quarterly figures contribute to a massive cumulative total of more than UAH 106 billion paid in taxes and duties since the company’s transfer to state control in late 2022. This period has been defined by a large-scale business transformation aimed at transparency and efficiency. By the end of 2025, Ukrnafta emerged as the undisputed leader in the domestic extractive industry, achieving a turnover of UAH 99.6 billion. The company’s ability to generate high fiscal returns is evidenced by its 2025 performance, during which it paid UAH 28.8 billion in various taxes and returned UAH 5 billion in dividends to the state treasury.

Expanding the Largest Retail Fuel Network

Beyond its extraction capabilities, Ukrnafta has aggressively expanded its retail footprint to become the largest network of filling stations in Ukraine. The company currently operates nearly 700 locations under the UKRNAFTA brand, having successfully integrated and rebranded sites previously operating as Glusco, U.Go, and Shell. This consolidation, completed throughout late 2025, has placed the brand in the top three for fuel sales nationwide. The expansion is part of a broader strategy to control the full production cycle, from exploration and extraction at its 1,106 oil and 131 gas wells to direct consumer sales of Euro-5 standard fuels.